The UAE real estate industry is home to the highest paying job roles in the country, recruitment specialist Cooper Fitch found in it’s annual salary guide and hiring insights report.
The report, which identifies key trends for the year, is developed as guide for jobseekers, hiring managers, and encloses salary benchmarks, insights and key positions across various sectors in the UAE.
Over the next year, Cooper Fitch expects salaries to marginally increase around 2 percent, although “this figure is perhaps lower than may be expected given anticipated recruitment demand, this is what the survey data showed,” Cooper Fitch founder and chief executive officer Trefor Murphy said.
“The majority of companies (57 percent) questioned by Cooper Fitch expect to increase salaries in 2023. Approximately 45 percent expect to make a 0-5 percent increase, 5 percent anticipate salary rises of 6-9 percent, and 7 percent intend to boost wages by more than 10 percent during the coming 12 months,” Murphy added.
While jobs across various UAE industries were reported to pay high salaries, Cooper Fitch’s report revealed that the real estate sector in the nation reaps the highest salary.
In real estate, job roles most in demand include development and design, followed by construction and project management, then sales and post-construction, the report finds, with the top salary reaching AED252,000 per month for those in the development and design sector.
The top salary for those in the construction and project sector can earn up to AED214,000 per month, whereas those in the sales and post-construction sector can earn up to AED115,000 per month.
Following real estate, the legal industry were shown to have the next highest paying role, with partners at private practice regional firms with over five years of experience reportedly earning AED231,000 per month, whereas a partner in US and UK firms earn AED263,000 per month.
A legal partner in private practice regional firms with less than five years of experience earns a maximum of AED105,000 per month, the report said, while a partner with less than five years of experience earns AED126,000 a month.
For those looking out for public sector roles as an undersecretary, the highest salary is valued at AED183,000 per month.
The top salary for those in the financial industry can earn up to AED153,000 a month, if employed with large local groups and multi-national companies (MNCs). Accountants can also earn up to AED16,000 a month, if employed with large local groups and multi-national companies (MNCs).
Jobseekers in the technology industry can expect a maximum salary of AED126,000 per month, whereas tax roles offer employees a maximum monthly salary of AED117,000.
UAE jobseekers looking for a job in the strategy industry can expect a monthly salary of AED131,000 per month.
Sales and marketing jobseekers in the UAE who are looking for jobs in the B2B industrial sales sector and B2B industrial marketing sector can expect a maximum monthly salary of AED76,000 and AED94,000, respectively.
Managing directors in the manufacturing industry can also expect a maximum monthly salary of AED136,000, whereas those working in the investments industry under the public sector can earn up to AED199,000 per month.
Jobseekers in the human resources and banking industries can earn up to AED147,000 per month and AED178,000 per month, respectively.
The advisory industry in the UAE offers jobseekers a maximum salary of AED126,000 as well.
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